Foreclosures
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago on . Most recent reply
Foreclosure Auction for HELOC?
Hello all,
So I found an upcoming foreclosure auction listed at a Firm's website and announced in a local paper. Here is the strange part though, I searched the property records and the deed instrument number being auctioned appears to be associated with a HELOC (Home Equity Line of Credit) that is tied to the original mortgage. I would think they are only selling rights to the HELOC; However, the language used suggests they are foreclosing on the property. I am confused, so any insight or advice from the crowd is appreciated!